Standard Chartered will now handle arranging duties for Samsung Card's auto loan ABS, due next month, according to sources. The Korean consumer finance entity originally selected The Royal Bank of Scotland to handle the offering, after being furnished with a $300 million loan facility in July.

However, RBS decided to drop the transaction for commercial reasons. It is believed the bank had concerns over possible increases to the cost of capital for its conduit - which the deal would have been sold into - in the case of a liquidity draw.

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